On January 2, 2018, Athol Company bought a machine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of $1,750. The company provided the following information: a. Invoice price of the machine, $73,000. b. Freight paid by the vendor per sales agreement, $870. c Installation costs $2,000 cash. d. Cost of cleaning up the supplies, boxes, and other garbage that remained after the installation of the machine, $125 cash. e. Payment of the machine's price was made as follows: January 2 Issued 950 common shares of Athol Company at $4 per share. Signed a $39.000 note payable due April 16, 2018, plus 12 percent interest. Balance of the invoice price to be paid in cash. The invoice allows for a 2 percent cash discount if the cash payment is made by January 11 January 15: Paid the balance of the invoice price in cash. April 16: Paid the note payable and interest in cash. fOn June 30, 2020, the company completed the replacement of a major part of the machine that cost $12,550. This expenditure is expected to reduce the machine's operating costs, increase its estimated useful life by two years, and decrease its estimated residual value to $1,250. 9. Assume that on October 1, 2025, the company decided to replace the machine with a newer, more efficient model. It then sold the machine to Sako Ltd. on that date for $23,000 cash. Required: 1. Compute the acquisition cost of the machine. Acquisition cost